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Lawrence 01843 South West
261 Salem Street
$189,900
● House - Off Market

261 Salem Street

Lawrence, MA 01843
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,104 Ft²
$371,817
RealtyHop Estimate
95.80%
Since Dec 1, 2004
National-US
Primary Model

About This Property

WELL KEPT SINGLE FAMILY.  POTENTIAL FOR A FOURTH BEDROOM, REPLACEMENT WINDOWS, VINYL SIDED, FENCED IN YARD, UPDATED ELECTRICAL, FIRST FLOOR LAUNDRY HOOK UPS, FINISHED BASEMENT AND OFF STREET PARKING FOR 2-3 CARS.  RANGE AND REFRIGERATOR TO STAY.  MOTIVATED SELLER.
Unit Size
1,104 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$172
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (MLSPIN #70100637)

Price History

Date / Event Date Event Price
Nov 23, 2004 Sold
Premium
Sold
Oct 4, 2004 Listed by Dick Lepine Real Estate,Inc. $189,900
Listed by Dick Lepine Real Estate,Inc.
Aug 30, 2002 Sold
Premium
Sold
Mar 21, 2002 Listed by Dick Lepine Real Estate,Inc. $129,900
Listed by Dick Lepine Real Estate,Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,325
  • Total Building Area: 1,152
  • Gross Building Area: 2,136
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000053
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lawrence School District
  • School Tax School District: LAWRENCE SD
  • Census Tract: 251500

Geography

  • Account Number: 141 0000 0054 A
  • Parcel: LAWR M:0141 B:0000 L:0054
  • Lot: 54
  • Municipality: LAWRENCE
  • Latitude: 42.6969
  • Longitude: -71.1648

    Address

  • Full Address: 261 Salem St
  • Address - House Number: 261
  • Address - Street Name: Salem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lawrence
  • Carrier Code: C032
  • 4-Digit Zip Code: 1342
  • Zip Code: 01843

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $286,800

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 406,219
  • High Value: 482,275
  • Low Value: 330,164

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $310,100
  • Assessed Land Value: $89,500
  • Assessed Improvements Value: $220,600

    Sales

  • Current Sale Recording Date: Nov 23, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 53834
  • Previous Sale Recording Date: Aug 30, 2002
  • Previous Sale Amount: $133,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South West

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1267 ft²

Average Home Age

37 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70100637

Frequently Asked Questions

When was property at 261 Salem Street built and last sold?
The property at 261 Salem Street was built in 1900 and last sold on Jan 1, 1970 for $189,900.
How much is this home worth?
The estimated value of the home located at 261 Salem Street is $191,271.
What are some comparable homes to 261 Salem Street?
There are currently no comparable homes to 261 Salem Street.
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